View Full Version : House Passes Another Stopgap Bill.

04-04-2011, 11:02 PM
Just reported on Fox, no link.

Another Stopgap, 12 billion in cuts. Just another Temp measure.

04-04-2011, 11:29 PM
it's something at lest, looking forward to Paul Ryan's 2012 budget tomorrow

04-04-2011, 11:56 PM
I don't see it happening. Least not till we have Congress and the WH back in our control. I have to wonder if its a stunt or he is really serious.

04-05-2011, 09:03 AM
it's something at lest, looking forward to Paul Ryan's 2012 budget tomorrow
MSNBC just had him on early this morning after it was released. Three of their reporters were actually respectful to him and were asking inteligent questions. And giving him a chance to respond.

Then there was Joe Scarborough. Kept harping about 1990 and would interrupt.

Few things about it.

It takes the Debt Commissions suggestions almost in full and runs with them. In addition a few from a couple of other committees on job growth. Sounded like a good idea, but it had Medicade and medicare reform in it, and that will be a hard fight. Though it leaves those 50 and up where they are now.

I like the ideas in it, just think it will be a hard sell. Especially with Dims in control of the Senate and the WH. It goes after many sacred cows.

Another note from the interview. Paul Ryan got a new haircut. Better in some ways, not in others. Reminded me too much of Eddie Munster.

04-05-2011, 09:23 AM
http://online.wsj.com/article/SB10001424052748703806304576242612172357504.html?m od=WSJ_Opinion_LEADTop

Congress is currently embroiled in a funding fight over how much to spend on less than one-fifth of the federal budget for the next six months. Whether we cut $33 billion or $61 billion—that is, whether we shave 2% or 4% off of this year's deficit—is important. It's a sign that the election did in fact change the debate in Washington from how much we should spend to how much spending we should cut.

But this morning the new House Republican majority will introduce a budget that moves the debate from billions in spending cuts to trillions. America is facing a defining moment. The threat posed by our monumental debt will damage our country in profound ways, unless we act.

No one person or party is responsible for the looming crisis. Yet the facts are clear: Since President Obama took office, our problems have gotten worse. Major spending increases have failed to deliver promised jobs. The safety net for the poor is coming apart at the seams. Government health and retirement programs are growing at unsustainable rates. The new health-care law is a fiscal train wreck. And a complex, inefficient tax code is holding back American families and businesses.

The president's recent budget proposal would accelerate America's descent into a debt crisis. It doubles debt held by the public by the end of his first term and triples it by 2021. It imposes $1.5 trillion in new taxes, with spending that never falls below 23% of the economy. His budget permanently enlarges the size of government. It offers no reforms to save government health and retirement programs, and no leadership.

Our budget, which we call The Path to Prosperity, is very different. For starters, it cuts $6.2 trillion in spending from the president's budget over the next 10 years, reduces the debt as a percentage of the economy, and puts the nation on a path to actually pay off our national debt. Our proposal brings federal spending to below 20% of gross domestic product (GDP), consistent with the postwar average, and reduces deficits by $4.4 trillion.

A study just released by the Heritage Center for Data Analysis projects that The Path to Prosperity will help create nearly one million new private-sector jobs next year, bring the unemployment rate down to 4% by 2015, and result in 2.5 million additional private-sector jobs in the last year of the decade. It spurs economic growth, with $1.5 trillion in additional real GDP over the decade. According to Heritage's analysis, it would result in $1.1 trillion in higher wages and an average of $1,000 in additional family income each year.

Rush talked to Ryan yesterday before his show, the transcript is up on his website here (http://www.rushlimbaugh.com/home/daily/site_040411/content/01125106.guest.html)